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161 hedge funds and large institutions have $560M invested in ThredUp in 2025 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 64 increasing their positions, 28 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

954% more call options, than puts

Call options by funds: $10.2M | Put options by funds: $964K

522% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 9

300% more capital invested

Capital invested by funds: $140M → $560M (+$420M)

129% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 28

41% more funds holding

Funds holding: 114 → 161 (+47)

14.81% more ownership

Funds ownership: 62.77% → 77.58% (+15%)

Holders
161
Holders Change
+47
Holders Change %
+41.23%
% of All Funds
2.12%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
56
Increased
64
Reduced
28
Closed
9
Calls
$10.2M
Puts
$964K
Net Calls
+$9.2M
Net Calls Change
+$8.92M

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$10.5M
2
Morgan Stanley
Morgan Stanley
New York
+$9.97M
3
BlackRock
BlackRock
New York
+$9.48M
4
Marshall Wace
Marshall Wace
United Kingdom
+$8.77M
5
DCM
Driehaus Capital Management
Illinois
+$8.07M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$29M
2
Fidelity International
Fidelity International
Bermuda
-$13.4M
3
B
BloombergSen
Ontario, Canada
-$3.68M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$2.81M
5
NIM
Needham Investment Management
New York
-$2.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
PGAM
151
Princeton Global Asset Management
New Jersey
$749 – – –
WA
152
Whipplewood Advisors
Colorado
$682 +$535 +91 New
LIS
153
Legacy Investment Solutions
Idaho
$450 +$353 +60 New
LWMI
154
Legacy Wealth Management (Idaho)
Idaho
$450 +$353 +60 New
AP
155
Aspect Partners
Virginia
$375 +$294 +50 New
SS
156
SBI Securities
Japan
$352 +$259 +44 +1,467%
PA
157
Parallel Advisors
California
$345 – – –
TWC
158
TD Waterhouse Canada
Ontario, Canada
$273 – – –
TWD
159
True Wealth Design
Ohio
$218 +$76 +13 +81%
IA
160
IFP Advisors
Florida
$29 +$24 +4 New
MA
161
MYDA Advisors
New York
– -$386K -160,000 Closed
Jane Street
162
Jane Street
New York
– -$543K -92,376 Closed
CM
163
Caption Management
Oklahoma
– -$154K -63,760 Closed
MIM
164
MetLife Investment Management
New Jersey
– -$120K -49,903 Closed
CF
165
Corebridge Financial
Texas
– -$92.9K -38,534 Closed
American Century Companies
166
American Century Companies
Missouri
– -$57K -23,650 Closed
Neuberger Berman Group
167
Neuberger Berman Group
New York
– -$33K -13,712 Closed
S
168
SignatureFD
Georgia
– -$16.6K -6,880 Closed
Northwestern Mutual Wealth Management
169
Northwestern Mutual Wealth Management
Wisconsin
– -$48 -20 Closed
AW
170
Avion Wealth
Texas
– +$447 +76 New
3 4 5 6
7

TDUP Hedge Fund Activity: Q2 2025 in Review

161 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in ThredUp (TDUP) for Q2 2025, worth a combined $560M — up 300% from $140M a quarter earlier.

Buyers outnumbered sellers: 56 funds opened new TDUP positions and 9 closed out — a net gain of 47 holders — while 64 added to existing stakes and 28 trimmed.

The largest buyer was Vanguard Group, adding an estimated $10.5M. The largest seller was Ameriprise, cutting an estimated $29M.

  • 161 institutional investors held ThredUp (TDUP) as of Q2 2025, up from 114 in Q1 2025.
  • Funds reported $560M of ThredUp stock for Q2 2025, up 300% quarter-over-quarter.
  • 56 funds opened new ThredUp positions in Q2 2025 and 9 closed out, a net change of +47 holders.
  • The largest ThredUp buyer in Q2 2025 was Vanguard Group, an estimated $10.5M added.
  • The largest ThredUp seller in Q2 2025 was Ameriprise, an estimated $29M sold.

Based on aggregated 13F filings for Q2 2025.